Active Under Contract
16 Days on market
31 Homestead Circle Hamilton — Photo 1 of 39

31 Homestead Circle Hamilton — Photo 1 of 39

$749,000

Investment Analysis — 31 Homestead Circle

Hamilton, MA 01982 — South Hamilton

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01982 carries an estimated $3,390/mo in gross rent — about a 2.78% cap rate and $20,798/yr in estimated NOI at the $749,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

1

SqFt

1,404

Style

Single Family

Built

1967

Welcome to one of the North Shore's most special neighborhoods. Set on a generous 0.3-acre lot just a stone's throw from the prestigious Myopia Hunt Club, this charming 1967 Cape has been maintained by the same family for many years. Recently refreshed with a painted interior and some laminate flooring, the home offers warmth, character, and endless possibilities. The inviting living room features a lovely wood-burning fireplace, creating the perfect gathering space for family and friends. A flexible floor plan includes four bedrooms and offers the versatility to accommodate a formal dining room, home office, guest room, or playroom, depending on your needs.Outside, the expansive 14,000+ square foot lot provides plenty of room to create your dream outdoor living space, whether you envision a patio, gardens, outdoor entertaining area, or play space. A two-car garage adds convenience and storage. Located in a community renowned for its scenic horse farms, extensive riding trails, and quintessential New England charm, this property also benefits from the highly regarded Hamilton-Wenham Regional School District. Combining a coveted location, flexible living spaces, and exceptional potential, this is a rare opportunity to make this well-loved home your own.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 702 sq ft (the lesser of 900 sq ft or half the 1,404 sq ft principal dwelling). Lot size: 14,858 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Immersive Experience

Property Details

Financials

Original Price$749,000
Annual Taxes$10,119

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms7
Fireplaces1
FlooringLaminate, Hardwood
BasementFull, Walk-Out Access, Interior Entry, Bulkhead, Sump Pump, Concrete, Unfinished

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingNone
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR1A

Property & Lot

Acres0.34
SqFt Lot14,858
Lot FeaturesCleared, Level

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Refrigerator

Neighborhood

Shopping • Park • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 3Bedroom 4
First
Bedroom 2
Main,First
Living RoomKitchenMaster BedroomBathroom 1
Living Room
Lvl Main,First

Closet, Flooring - Hardwood, Exterior Access

Kitchen
Lvl Main,First

Flooring - Vinyl, Exterior Access

Master Bedroom
Lvl Main,First

Closet, Flooring - Hardwood

Bedroom 2
Lvl First
Bedroom 3
Lvl Second

Closet

Bedroom 4
Lvl Second

Closet

Bathroom 1
Lvl Main,First

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Laminate

Listing Provided By

Listing Agent: Wendy Webber

Listing Office: Coldwell Banker Realty - Marblehead

MLS® Number: 73569138